ASE Technology Holding Co., Ltd. Announces Monthly Net Revenues*

Rhea-AI Summary

ASE Technology Holding Co., Ltd. (NYSE: ASX) reported unaudited consolidated net revenues of NT$40,848 million for January 2021, an 18.8% decrease from NT$50,298 million in December 2020, but a 30.3% increase year-over-year from NT$31,337 million in January 2020. In US dollars, revenues declined 18.4% sequentially to $1,438 million but represented a 37.5% increase year-over-year. Additionally, ATM net revenues were NT$24,854 million, down 2.1% sequentially but up 13.6% year-over-year.

Positive

• Year-over-year revenue growth of 30.3% compared to January 2020.
• Significant increase in year-over-year US dollar revenues of 37.5%.

Negative

• Sequential revenue decline of 18.8% from December 2020.
• Sequential US dollar revenue decline of 18.4%.

Taipei, Taiwan, R.O.C., Feb. 9, 2021 /PRNewswire/ -- ASE Technology Holding Co., Ltd. (NYSE: ASX, TAIEX: 3711, "ASEH" or the "Company"), announces its unaudited consolidated net revenues for January 2021.

CONSOLIDATED NET REVENUES (UNAUDITED)
		Jan		Dec		Jan		Sequential		YoY
(NT$ Million)		2021		2020		2020		Change		Change
Net Revenues		40,848		50,298		31,337		-18.8%		+30.3%
		Jan		Dec		Jan		Sequential		YoY
(US$ Million)		2021		2020		2020		Change		Change
Net Revenues		1,438		1,763		1,046		-18.4%		+37.5%

Net revenues for ATM assembly, testing and material business are as follows:

ATM NET REVENUES (UNAUDITED)
		Jan		Dec		Jan		Sequential		YoY
(NT$ Million)		2021		2020		2020		Change		Change
Net Revenues		24,854		25,391		21,877		-2.1%		+13.6%
		Jan		Dec		Jan		Sequential		YoY
(US$ Million)		2021		2020		2020		Change		Change
Net Revenues		875		890		730		-1.7%		+19.8%

*This press release is intended to comply with Taiwan regulatory requirements.

Safe Harbor Notice:

This press release contains "forward-looking statements" within the meaning of Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. Although these forward-looking statements, which may include statements regarding our future results of operations, financial condition or business prospects, are based on our own information and information from other sources we believe to be reliable, you should not place undue reliance on these forward-looking statements, which apply only as of the date of this press release. The words "anticipate," "believe," "estimate," "expect," "intend," "plan" and similar expressions, as they relate to us, are intended to identify these forward-looking statements in this press release. These forward-looking statements are necessarily estimates reflecting the best judgment of our senior management and our actual results of operations, financial condition or business prospects may differ materially from those expressed or implied by the forward-looking statements for reasons including, among others, risks associated with cyclicality and market conditions in the semiconductor or electronic industry; changes in our regulatory environment, including our ability to comply with new or stricter environmental regulations and to resolve environmental liabilities; demand for the outsourced semiconductor packaging, testing and electronic manufacturing services we offer and for such outsourced services generally; the highly competitive semiconductor or manufacturing industry we are involved in; our ability to introduce new technologies in order to remain competitive; international business activities; our business strategy; our future expansion plans and capital expenditures; the strained relationship between the Republic of China and the People's Republic of China; general economic and political conditions; the recent shift in United States trade policies; possible disruptions in commercial activities caused by natural or human-induced disasters; fluctuations in foreign currency exchange rates; and other factors.  For a discussion of these risks and other factors, please see the documents we file from time to time with the Securities and Exchange Commission, including the 2019 Annual Report on Form 20-F filed on March 31, 2020.

Investor Relations Contact:

ir@aseglobal.com 
Tel: +886.2.6636.5678
http://www.aseglobal.com

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SOURCE ASE Technology Holding Co., Ltd.

FAQ

What were ASE Technology's net revenues for January 2021?

ASE Technology reported net revenues of NT$40,848 million for January 2021.

How does January 2021 revenue compare to December 2020 for ASE Technology?

January 2021 revenues decreased by 18.8% compared to December 2020.

What was the year-over-year revenue growth for ASE Technology in January 2021?

ASE Technology experienced a year-over-year revenue growth of 30.3% in January 2021.

What are the ATM net revenues for January 2021 at ASE Technology?

The ATM net revenues reported for January 2021 were NT$24,854 million.

Did ASE Technology see any revenue growth in January 2021?

Yes, ASE Technology saw a year-over-year revenue increase of 37.5% in January 2021.